CERA: Gas globalization hinges on technology, financing

Financial resources, technological advances, and business partnerships are key to natural gas globalization, ExxonMobil Gas & Power Marketing Co. Pres. Philip J. Dingle told an annual conference hosted by Cambridge Energy Research Associates in Houston Feb. 16."New technology developed by our industry has greatly reduced the cost of converting and transporting remote sources of natural gas as LNG. That is allowing more competitive access to remote markets and remote supplies," Dingle said.ExxonMobil Corp. invests more than $500 million/year in technology research."We're developing new technologies that will lower LNG and gas infrastructure costs, and we're improving gas recovery t...

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